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The spike was caused by 3 factors-
The 1 time tax rebate checks-
Home buying and refinancing due to low interest rates-
Record military spending-
So far, in the 11 quarters that this administration has been in charge, their record for normal or better growth is 1-10.
If they can maintain the growth thru the second quarter of 2004,
then Bush will be hard to beat.
If not, he might be a 1 termer like his father.
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